
SGPP Assessment
Quiz
•
Business
•
Professional Development
•
Practice Problem
•
Hard
Manoranjan Kumar
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Smart Guaranteed Pension Plan provides?
Only Immediate Annuity
Only Deferred Annuity
Both Immediate & Deferred annuity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
PPT under Smart Guaranteed Pension Plan is
Only Single Pay
Min 5 years
Max 10 years
Min & Max 10 years
Both A & B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under SGPP Single Life ROP, post death of the annuitant, nominee continues to receive the annuity amount till he/she survives.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under SGPP Joint Life with ROP, after the death of the primary annuitant, what will happen?
Secondary annuitant will receive 100% PP + Top up (if any) and annuity stops.
Secondary annuitant will only continue to receive the same annuity till she survives and after her death, Annuity stops
Secondary annuitant will continue to receive the same annuity till she survives and after her death, 100% PP+ Top up (if any) will be given to nominee and annuity stops.
Secondary annuitant will continue to receive the same annuity till she survives and after her death, Nominee will continue to receive same annuity amount till he/she survives.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Avtar Kishan had purchased SGPP with 1 cr purchase price at 7% annuity rate in 2022. after receiving annuity for 4 years, he wants to surrender the plan and hence wants to know how much he will be receiving as surrender benefit?
22 lacs
86 lacs
72 lacs
There is no surrender Value in SGPP
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the customer is opting Top Up in SGPP, what should be the minimum Top up amount allowed ?
5,00,000/-
1,00,000/-
2,00,000/-
No Top Ups allowed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under SGPP, multiple Top Ups are allowed till?
1st 5 policy years
1st 7 policy years
1st 10 policy tears
No Top Ups are allowed under SGPP
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